Europe's third-largest drugmaker Novartis AG will sell its
nutritional foods unit, which makes products such as Ovaltine
chocolate and Isostar drinks, to focus on developing new medicines,
reports Bloomberg.
Cetek Corporation has joined forces with Cubist Pharmaceuticals to
combine their expertise in natural products and identify novel
compounds for the treatment of infectious diseases.
The Nestle USA - Beverage Division and Ocean Spray Cranberries,
Inc. announced this week that they have formed a long-term
agreement which, they hope, will enable both companies to increase
manufacturing and supply chain efficiency...
Cyanotech, the producer of microalgae-based natural products, has
formed a Japanese unit, Cyanotech Japan, which will allow the
company to economise on shipping, provide more timely delivery to
customers and allow customers to conduct...
First quarter sales at US-based nutritional supplements
manufacturer NBTY rose by 29% to $215 million compared to $167
million in the same period a year earlier.
The growing importance of bottled water enriched with vitamins,
minerals and herbal ingredients means that the simplest of food
products has now become a major driver of growth in the
nutraceutical market.
ScienceBased Health has published results which it claims shows a
direct link between its HydroEye nutritional supplement and
increased lactoferrin levels
Quaker Oats and Biosafe Medical Technologies have formed an
initiative to give the public greater access to information about
lowering cholesterol levels
The leading food retailers in the UK are the most expensive places
to buy organic food, according to a new report from Dr Anna Ross of
the University of the West of England.
Dutch ingredients group Numico said that it would be forced to
write off US$350 million in goodwill and brands for its US
operation because of a downturn in the herb and vitamin market.
Nutraceutix, an early stage biopharmaceutical company, has engaged
investor relations and strategic planning company Bibicoff &
Associates to increase investment community awareness of the
company.
Naturade Inc., a leading US marketer of soy protein products under
the Naturade Total Soy brand name, received $2.5 million of capital
from Westgate Equity Partners of St. Louis.
US Nutraceutical Clinical Laboratories International, Inc.
announced this week that negotiations have been completed for the
acquisition of Health Care Direct Services (HCDS), a nutraceutical
wholesale distributor.
Health science company Forbes Medi-Tech Inc. announced this week
that it has reached an agreement with Novartis Consumer Health SA
to acquire the licensing and distribution rights to consumer
products fortified with Reducol, the company's...
NBTY, a US manufacturer and marketer of nutritional supplements, is
to acquire certain assets of HealthCentral.com, the US online
retailer that filed for bankruptcy in October.
Natural specialty ingredients manufacturer Kemin Foods, has filed a
lawsuit in the US contending that fine chemicals company, Cognis
Corp., continues to make false claims that blur the differences
between lutein esters and the purified...
US natural and organic food company Hain Celestial Group, announced
this week that it has completed its acquisition of Lima NV, a
Belgian natural and organic foods manufacturer and marketer.
Coca-Cola is poised to add nutrients to a new line of bottled
water, to be called Dasani Nutriwater, taking on arch-rival
PepsiCo's own enhanced Aquifina.
The US nutraceuticals market had a value of $30,441 million
(€34,120 million) in 2000 and is expected to grow at a faster pace
than the overall food industry.
Vitasoy International , Hong Kong's top soya milk producer, said on
Friday that initial investments in Australia caused a slide in its
net profits for the six months ended in September.
AltHealthWatch, a US database of complementary, holistic and
integrated approaches to health care and wellness, has been
purchased by EBSCO Publishing.
Natural Alternatives International, Inc., US formulator and
manufacturer of customised nutritional supplements, reported a drop
in net revenues for the first quarter 2002.
French food group Danone on Thursday extended by two weeks the
deadline on its takeover offer for New Zealand drinks firm Frucor
Beverages Group Ltd , but held firm on the price.
NSF International, a US supplement certification body, announced
this week that it has acquired the Institute for Nutraceutical
Advancement (INA), an organisation that develops and validates
analytical methods for testing botanical...
Revenues relating to the Scandinavian market for fresh organic
vegetables are forecast to double in the near future as consumer
demand for organic foods continues to rise in the region, according
to a new report from UK market...
Desert Health Products, Inc. announced this week that it has
entered into a five-year exclusive distribution agreement with Trim
& Fit International as, a Norwegian nutraceutical company.
UK ingredients supplier S. Black Limited announced recently the
introduction of Ectoin from Merck KGaA, an active ingredient for
the cosmetic industry.
Product development, once a main force behind the company's
success, but recently a division lacking innovative fire, has also
received a major infusion of cash.
Food technology company aLF Ventures, LLC, a partnership between
Farmland National Beef Packing Company L.P. and ingredients
specialists DMV USA, this week opened N-terminus, a new
multi-million dollar food safety research and development...
In response to increasing demand for Frutafit® inulin, Dutch
ingredients company Sensus is to expand its manufacturing capacity
in Roosendaal,The Netherlands.
French food company Groupe DANONE announced on Wednesday that it
intends to make a public offer to acquire 100 per cent of the
capital of Frucor Beverages Group Limited, a market leader in the
fast growing energy drink segment in...
Food science and technology company Bon Coeur Inc. announced
recently that it has formalised a relationship with nutrition
product maker Nutrition 21 Inc.
Agribusiness giant Archer Daniels Midland Co. said on Tuesday it is
paying an extra 20 cents per bushel for soybeans that have not been
genetically modified and are delivered to its processing facility
in Decatur, Illinois.
The American Association of Cereal Chemists (AACC) this week
announced the appointment of its 2001/2002 Board of Directors, to
be installed on October 18, 2001.
An economic downturn may not hurt the U.K. market for organic food
products, Robert Duxbury, technical manager for organic products at
J Sainsbury PLC told Dow Jones Newswires Monday.
Americans possess a growing awareness of the link between nutrition
and health, as government committees become increasingly attentive
to nutraceutical product claims and potential regulations.
